Africa’s richest man, Aliko Dangote, plans to donate one-third of his wealth to charity as part of his succession plan, his daughter, Halima Dangote, has revealed
Halima, a trustee of the Aliko Dangote Foundation, disclosed the arrangement in an interview with Bloomberg published on Tuesday, saying the billionaire had secured his family’s support to dedicate 33 per cent of his estate to philanthropy.
According to the Bloomberg Billionaires Index, Dangote’s net worth is estimated at $35.1 billion, meaning one-third of his current fortune would amount to about $11.7 billion if maintained at that level.
Explaining the decision, Halima said her father considers philanthropy central to his legacy and has embedded it into the family’s long-term succession plans.
“And that is why he made an announcement and he asked myself, my two sisters and his mother to sign under that will that he is able to give that 33 per cent to humanity.”
The planned donation builds on Dangote’s existing philanthropic work through the Aliko Dangote Foundation, established in 1994.
According to Halima, the foundation was endowed with $1.25 billion about a decade ago and has since received an additional $700 million in funding.
She said about 70 per cent of the foundation’s spending is directed to Nigeria, while 20 per cent supports projects across Africa and the remainder funds initiatives in other parts of the world.
The foundation’s interventions span health, education, nutrition and humanitarian relief, and include partnerships with the Bill & Melinda Gates Foundation and state governments in northern Nigeria that contributed to the eradication of wild poliovirus in Africa.
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God bless him